Maybourne Moves to 100% Renewable Energy for London Hotels

Deal News | Feb 11, 2025 | Low Carbon Group Ltd

Maybourne Moves to 100% Renewable Energy for London Hotels

Global renewable energy firm, Low Carbon, has announced a Power Purchase Agreement (PPA) with Maybourne, a luxury hotel operator. This 15-year agreement will supply 32 GWh of renewable energy annually to Maybourne's London hotels, including The Berkeley and Claridge's. This contract forms part of nearly 200 GWh of renewable energy currently provided through Low Carbon's PPAs, contributing significantly to the company's growth as an Independent Power Producer (IPP). In addition to supplying Maybourne, Low Carbon has secured agreements in the past with Lloyds Banking Group and Ecolab for clean electricity across the UK, Finland, and Canada, illustrating a growing trend among businesses to decarbonize their operations through direct energy provider partnerships. Roy Bedlow, founder and CEO of Low Carbon, envisions this as a step forward in fighting climate change and enhancing the company's corporate PPA market presence. Roland Fasel of Maybourne highlighted the importance of these initiatives in achieving net-zero targets within the hospitality industry.

Sectors

  • Renewable Energy
  • Hospitality

Geography

  • United Kingdom – Both Low Carbon's solar projects and Maybourne's hotels are based in the UK, making it a central location for this news.
  • Finland – Referenced in relation to Low Carbon's previous renewable energy agreements.
  • Canada – Noted due to Low Carbon's past 10-year PPA with a Canadian project.

Industry

  • Renewable Energy – The article centers on Low Carbon, a company within the renewable energy sector, promoting sustainable energy solutions.
  • Hospitality – Maybourne, the target company in this article, operates within the hospitality industry, driving sustainable practices in their operations.

Financials

  • 32 GWh annually – The amount of renewable energy contracted annually for Maybourne's London hotels.
  • 200 GWh annually – The total renewable energy contracted by Low Carbon through PPAs.

Participants

NameRoleTypeDescription
Low Carbon Group Ltd.Power Purchase Agreement ProviderCompaniesA global renewable energy company entering agreements to supply clean electricity as an Independent Power Producer (IPP).
MaybournePower Purchase Agreement OfftakerCompaniesA luxury hotel operator committing to 100% renewable energy for its London hotels.
Roy BedlowCEOPeopleFounder and Chief Executive Officer of Low Carbon Group Ltd., emphasizing the company's growth and sustainability commitments.
Roland FaselCOOPeopleGroup Chief Operating Officer at Maybourne, advocating for net zero ambitions in hospitality.